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Showing 61 - 70 of 163 results for "Startup"

Insurtech investments down 54% in March quarter

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
Life insurance startups saw their share of total and early-stage funding to insurtechs shrink, as total investment in the sector dropped in the March quarter. Insurtechs attracted US$912 million in the first quarter across the globe but the deal activity ...

Superannuation startup launches raise

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
A superannuation startup is pushing ahead with a retail raise to be followed by an institutional one next month. GigSuper is aiming to raise $100,000 to $400,000 from retail investors, in a crowdfunded equity campaign launched yesterday. The fund is ...

Chinese tech giant buys 5% stake in Afterpay

ALLY SELBY  |  MONDAY, 4 MAY 2020
... term." Tencent chief strategy officer James Mitchell said the tech conglomerate was pleased to invest in the Australian startup. "Afterpay's approach stands out to us not just for its attractive business model characteristics, but also because its service ...

Changes to foreign investment rules hurt managed funds

ALLY SELBY  |  TUESDAY, 14 APR 2020
A Chinese-Australian funds manager has slammed changes to the foreign investment review framework, arguing they will damage the Australian economy and its managed funds businesses. Atlas Advisors Australia said the new temporary FIRB rules would curb ...

Gender diversity remains static, women still disadvantaged

ALLY SELBY  |  TUESDAY, 3 MAR 2020
The state of play for women in financial services remains dramatically disadvantaged. According to Morningstar's latest report on Women in Investing, gender diversity in funds management hasn't changed over the past two decades. "When it comes to gender ...

Blockchain startup raises $68m, ordered to return funds

ALLY SELBY  |  FRIDAY, 21 FEB 2020
The Securities and Exchange Commission (SEC) has settled charges against a blockchain startup, after it raised $68 million through an unregistered "initial coin offering". Enigma MPC, based in San Francisco and Israel, raised approximately $68 million ...

McGrathNicol launches cyber protection tool

HARRISON WORLEY  |  WEDNESDAY, 19 FEB 2020
... isn't lost in the time between an issue occurring and being detected. "We are delighted to have partnered with a leading startup to create an innovative service like no other in this market," McGrathNicol advisory partner Darren Hopkins said. "The service ...

Grow Super signs first admin client

KANIKA SOOD  |  FRIDAY, 7 FEB 2020
... signed its first client for its superannuation administration platform which is based on distributed ledger technology. Startup superannuation fund GigSuper came onboard in late December, Grow Super deputy chief executive Adam Gee said. Grow is also ...

Push for more foreign investment

ELIZA BAVIN  |  FRIDAY, 7 FEB 2020
The Australian government is being urged to promote more foreign investment in Australia. Atlas Advisors is calling on the Australian government to recognise the long-term benefits of foreign investors for the economy by increasing incentives under ...

Robo-advice to be worth US$1.4 trillion

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
The value of robo-advice will surpass the US$1.4 trillion mark in 2020, according to new research. LearnBonds.com is predicting robo-advice will become worth US$1.4 trillion globally, jumping by 47% year on year. By 2023, it predicts assets managed ...